Brockman Mining (ASX:BCK) Momentum Rank : 0 (As of Sep. 25, 2024)

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What is Brockman Mining Momentum Rank?

Brockman Mining has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

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Brockman Mining Business Description

Industry

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Traded in Other Exchanges

00159:Hong Kong

Address

679 Murray Street, Level 2, Perth, WA, AUS, 6005

Website

http://www.brockmanmining.com

Brockman Mining Ltd is an investment holding company principally engaged in the exploration and development of iron ore mining projects. Its reportable segments are Mineral tenements in Australia and Others. Its project includes the Marillana Iron Ore Project, West Pilbara Project, and Ophthalmia Project. Its geographical segments are Australia and Hong Kong.

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